Wal-Mart’s 1Q Income Improves 3.8%

Wal-Mart Stores said its first-quarter net income rose 3.8%, boosted by higher international sales.

The retail giant’s net income rose to $3.4 billion, or 97 cents per share, from $3.3 billion, or 87 cents, a year ago. 

Revenue rose 4.4% to $103.4 billion for the quarter ended April 30. Revenue at U.S. stores declined 1.1%. International sales rose 11.5%

With about 6,750 tractors and more than 55,000 trailers, Wal-Mart is ranked No. 3 on the Transport Topics Private 100 listing of U.S. and Canadian private carriers.